Novo - Small Business Checking

Novo Platform Inc.

About this app

Do you need a checking account for your small business? Novo is for modern businesses.

With Novo you can apply for an account online in minutes, so you have more time to focus on your business.

Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A.; Member FDIC. Novo provides free banking tools to small businesses, all within the Novo app. You can link your existing accounts, control your debit card, pay your bills, process ACH transfers, deposit checks, categorize transactions, and separate your funds for savings in Reserves.

You’ll receive a Novo Mastercard Business Debit Card and The Novo Virtual Card to pay for things online, around the world, and use any ATM without fees from us. Send unlimited payments and paper checks for free.

Novo supports almost any business operating in the U.S. As long as the owner has a social security number, they're able to apply for a Novo Business Checking Account.

Ratings and reviews

My experience with Novo has been very easy, I am more than pleased! Straightforward app, I feel that my info is safe with them, and their customer service is spot on. 2025 Edit: They also just saved me from two false charges. My virtual card information was used and there were two large charges that tried to go through, in Europe. These were declined immediately and I was saved from a huge loss. THANK YOU, NOVO!

I've enjoyed having an account here until just recently. Twice now, they've instantaneously locked me out of my account due to a fraud alert WITHOUT notice or even giving me the courtesy of asking me about the questionable transaction first. Both times have resulted in lost time and frustration due to the security features that won't allow me to reset my password, which they require, and performing an uninstall/reinstall of the app.

Application locks up when creating an account. First attempted on desktop browser, then installed app which also uses a browser to create an account. After proceeding a single step, I'm always stopped by a large n that has a spinning icon. I've tried multiple browsers, different computers, disabling VPNs. It's unable to process my information after providing my brith date and SSN number. I'm very disappointed and cannot trust this for fintech.

What’s new

• Bug fixes with Performance Improvements.